Proctor & Gamble Hair Care Inks 10,000-SF Deal at Tower 45
Billy Gray Nov. 26, 2013, 2:28 p.m.
Proctor & Gamble Hair Care LLC has signed a 10-year, 10,093-square-foot lease for the entire third floor of 120 West 45th Street.
The deal extends a hot streak at the 397,188-square-foot, 40-story tower, which is also known as Tower 45. Patrick Heeg of Jones Lang LaSalle represented the tenant, a subsidiary of beauty and grooming conglomerate P&G. Paul Glickman, Frank Doyle, Mitti Liebersohn, Diana Biasotti and David Kleiner, all of them also from JLL, repped the landlord, SL Green.
“We are delighted to welcome P&G to Tower 45,” Steve Durels, executive vice president and director of leasing at SL Green, said in a prepared statement. “Leasing activity at the building has been robust with seven leases signed within the past five months covering almost 50,000 square feet. The building has tremendous appeal because of its excellent location in the Grand Central submarket and because of its many recent upgrades.”
Those recent transactions include Aquila Management‘s 8,032-square-foot lease in September, World Business Lenders‘s 23,406-square-foot deal in July. Recently concluded renovations at Tower 45 include a spiffed up outdoor plaza, lobby, common corridors and bathrooms.
Representatives from JLL could not immediately be reached from comment.